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NOTICE DATE:  March 30, 2017
NOTICE TYPE:  M-A033016-01 Financial/Credit
SHORT DESCRIPTION:  Counter-Party annual audited financial statements and risk certification due by April 30, 2017
INTENDED AUDIENCE:  Counter-Party Financial and Risk Personnel
DAY AFFECTED:  April 30, 2017

LONG DESCRIPTION:  ERCOT Protocols Section 16.11.5 requires all Counter-Parties to provide their own or their Guarantor's (1) quarterly unaudited financial statements (semi-annually, if the Guarantor is foreign and rated by a rating agency acceptable to ERCOT) not later than 60 days (90 days if the Guarantor is foreign and rated by a rating agency acceptable to ERCOT) after the close of each of the issuer's fiscal quarters and (2) annual audited financial statements not later than 120 days after the close of the issuer's fiscal year.

In addition, ERCOT Protocols Section 16.16.2 requires all Counter-Parties to submit to ERCOT annually a notarized risk certification signed by an officer or executive with authority to bind the Counter-Party in the form of Section 22, Attachment J, Annual Certification Form to Meet ERCOT Additional Minimum Participation Requirements<http://www.ercot.com/content/mktrules/nprotocols/current/22J_100113_Nodal.doc> (Certification Form).
Counter-Parties/Guarantors whose fiscal year ended on December 31, 2016 must submit annual audited financial statements and the Certification Form by April 30, 2017.

ACTION REQUIRED:  Counter-Parties or their Guarantors whose annual audited financial statements and Certification Form for fiscal year 2016 are due should provide these documents to ERCOT as soon as possible to avoid any remedial action as authorized under the Standard Form Market Participant Agreement, the ERCOT Protocols and/or the Public Utility Regulatory Act (PURA).

Counter-Party's or Guarantor's financial statements that are publicly available electronically need not be provided to ERCOT.

Please forward financial statements to [log in to unmask]<mailto:[log in to unmask]> or


7620 Metro Center Dr.

Attn:  Credit Department

Austin, TX 78744
Phone: (512) 225-7014
CONTACT:  If you have any questions, please contact your ERCOT Account Manager. You may also call the general ERCOT Client Services phone number at (512) 248-3900 or contact ERCOT Client Services via email at [log in to unmask]<mailto:[log in to unmask]>.
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